The proposed framework combines three critical components for a healthy digital securities marketplace to thrive on the Ethereum public blockchain: (i) government backing with the MFCG establishing the regulatory framework required to protect investors, ensure global financial regulatory transparency for market participants, and maintain national market integrity; (ii) Globex’s proprietary blockchain technology solutions to integrate a dollarized digital securities exchange for compliant issuers to list and trade globally 24/7 with T+0 settlement; (iii) a licensed financial institution, Julius Capital Bank Inc., to provide an accessible fiat banking on-ramp and off-ramp for traders that wish to transact in the Antigua and Barbuda digital securities marketplace.

Dollarized Trading: Globex has developed a dollarized secondary trading solution to provide greater liquidity assurance to investors and offer investors the ability to take part in the secondary market, with its digital security trading-pairs priced only against fiat. Investors deposit, trade and withdraw funds in fiat through a government bank thereby minimizing the risk of cryptocurrency price fluctuations and global regulatory concerns regarding cryptocurrency AML exposure. An issuer’s stock is pegged to the performance of the issuer and not to external, unrelated cryptocurrency volatility.

Correspondent Banking: The issue of correspondent banking and the ability for international investors to move money in and out of blockchain-based exchanges has slowed industry growth to date. Most traditional banks do not transact with funds related to cryptocurrencies, which can extend to blockchain securities exchanges as well. Having a licensed financial institution as part of the equation in Antigua and Barbuda addresses these key banking issues.

“The Antiguan government strongly supports public blockchain technology and believes in the positive impact it will have on how the world trades securities,” says Prime Minister Gaston Browne. “We are thrilled to become a trusted hub for international issuers, investors and market participants to seamlessly and securely conduct affordable digital securities offerings and offer transparent secondary trading in an internationally compliant and regulated manner.”

Prime Minister Gaston Browne continued, “We also believe this technology will pave the way to frictionless blockchain real estate investment services for a global investor base, giving investors access to the lucrative opportunities that our beautiful twin-island state has to offer.”

“The new age of securities is here, and we are honored that our technology solutions have been selected to power this incredible operation,” says Globex CEO Brian Collins. “We believe that having the Ethereum public blockchain integrated with our suite of tokenization, KYC/AML, custody and on-chain trading solutions will encourage market adoption and fuel market growth.”

“We believe that for a truly liquid digital securities marketplace to thrive, frictionless fiat banking needs to be part of the equation,” says Julius Capital Bank’s representative. “We aim to provide that missing part of the puzzle with blockchain-aware banking solutions that will allow participants to transfer their money both in and out of the exchange in an instant. Any such solution will strictly comply with local and international AML and KYC requirements and the new framework to be adopted by Antigua and Barbuda.”

“By combining US methodologies for securities compliance with the future of capital formation using technology, Antigua should set the standard for a safe and secure way for issuers to raise capital and for investors to have access to innovative and exciting companies,” stated Globex President Mark Elenowitz.

Globex utilized its team of Wall Street bankers and technology veterans with 27 years of experience to implement Wall Street securities standards into its blockchain technology. In addition to implementing its proprietary blockchain software technology, Globex, together with local law firms, will provide advice with regard to the establishment of a set of regulatory guidelines for the national digital securities industry that formalizes the regulatory procedures, supervises the certification of trading exchanges, the digital securities custodians, the blockchain trading applications, and market participants. The transaction was facilitated by law firms Reinhardt LLP and Hunter Taubman Fischer Li LLC, along with the Attorney General of Antigua.

About Antigua and Barbuda:

Antigua and Barbuda is an independent Commonwealth country comprising its two namesake islands and several smaller ones. Tourism and Financial Services account for over three-quarters of the national economy. Antigua and Barbuda’s banking sector is the second largest in the Eastern Caribbean region. Notably, the country is ranked number 33 in the world for the Rule of Law by the World Justice Project.

About Globex:

Globex offers a suite of integrated blockchain software applications for the compliant issuance and secondary trading of digital securities. Truly a compliance-first business, our solutions combine Wall Street and Silicon Valley to power the next generation of exchanges and securities offerings in the US and globally.

Current SaaS product solutions include tokenization and allocation through Tokenetics ( tokenetics.com ); a white-label KYC smartphone app to onboard and verify investors through KYCware ( kycware.com ); anti-money laundering screening against a database of global sanctions, watchlists, PEPs through AMLcop ( amlcop.com ); and transfer agent custody tools through ( custodyware.com ). All software applications can be utilized independently or integrate with one another. Learn more at https://www.horizon-globex.com/.